Indonesia Stock Exchange (IDX) is a stock exchange based in Jakarta, Indonesia. It was previously known as the Jakarta Stock Exchange (JSX) before its name changed in 2007 after merging with the Surabaya Stock Exchange (SSX). In recent years, the Indonesian Stock Exchange has seen the fastest membership growth in Asia. As of October 2024, the Indonesia Stock Exchange had 938 listed companies, and total number of investors has already grown to 14.2 million. Indonesia Market Capitalization accounted for 45.2% of its nominal GDP in December 2020. Founded on 30 November 2007, it is ASEAN's largest market capitalization at US$881 billion as of 19 September 2024.
ATM Bersama is an interbank network in Indonesia, connecting the ATM networks of twenty-one banks. It was established 1993 and is based on the model adopted by MegaLink, an interbank network in the Philippines.
The establishment of the Indonesian Bank Restructuring Agency (IBRA), lit. "National Banking Revitalization Agency") in early 1998 was one of a series of steps taken by the Indonesian government, in agreement with the International Monetary Fund on 15 January 1998, in response to the banking and economic crisis which emerged following the onset of the Asian monetary crisis in mid-1997. Among other things, the drastic depreciation of the rupiah (Rp) reduced bank liquidity, and loss of public confidence in the rupiah and the banking system in general.
PRIMA is an interbank network operating in Indonesia and Singapore, owned by PT Rintis Sejahtera, a satellite communication service provider. Previously, it was known as the ATM BCA network, serving Bank Central Asia.
PT Indo Premier Investment Management (IPIM) is an investment management company that launched the first Indonesian equity exchange-traded fund ETF listed on Indonesia Stock Exchange, the Premier ETF LQ-45.
KB Financial Group Inc. is a financial holding company headquartered in Seoul, South Korea. The Group and its subsidiaries provide a broad range of banking and financial services. It is one of the domestic systemically important banks (D-SIBs) identified by the Financial Services Commission.
The Ministry of Finance is an Indonesian government ministry responsible for the nation's finance and state assets. The finance minister is responsible to the President. The ministry's motto is Nagara Dana Rakça, which means "guardian of state finance".
PT Bank OCBC NISP Tbk, trading as OCBC Indonesia, is an Indonesian publicly listed banking and financial services company headquartered in South Jakarta, Indonesia. The bank is owned by Singaporean banking and financial group, OCBC Bank, which holds 85.1% of shares. OCBC is an Indonesia's 8th largest bank by assets and has 337 branches and offices and 780 ATMs located across the country.
PT Bank Tabungan Negara (Persero) Tbk, lit. "National (State) Savings Bank", abbreviated and trading as BTN, is an Indonesian commercial bank best known as a mortgage bank, headquartered in Gambir, Jakarta.
The Indonesian Financial Transaction Reports and Analysis Center or INTRAC or PPATK is a government agency of Indonesia responsible for financial intelligence. The agency was formed in 2002 to prevent and eradicate suspected illicit financial flows as money laundering and provide information on terrorist financing.
Swissindo is a debt relief scheme widely classified as a cult and a scam. It is led by a man named Sino Soegihartonotonegoro and describes itself as a financial organization working towards "eliminating the debt of everyone on Earth". The group is headquartered in West Java, Indonesia, and has members across the United States, Australia, Africa, Asia and Europe. Due to its financial practices, the Cirebon office of the Financial Services Authority has conducted an investigation into Swissindo. The organisation targets poor and marginalised communities.
Bank Syariah Indonesia is a state-owned Islamic bank in Indonesia. The bank was officially founded on 1 February 2021 as a result of merger between state-owned sharia banks.
Regional Development Banks are a type of bank in Indonesia that is established and owned by the local provincial government. Its purpose is to boost regional development and provide initial capital to the province that private banks would not risk giving, as well as giving basic financial services for the general provincial population. It was first established on 25 March 1960 and regulated under Law Number 13 of 1962 and Law Number 16 of 1999 Decree from the Ministry of Home Affairs. According to the law, the shares of Regional Development Banks are divided into two; priority shares and regular shares. Priority shares ownership must be on the hand of provincial governments, while regular shares can be owned by second-level administrative governments under the respective provinces and individuals. The director of these banks are appointed directly by the governor of the respective provinces and hold the office for 4 years. Provincial governors also have the ability to remove directors from the office for several reasons such as incompetency and corruption, with recommendation from local provincial parliaments. If there is more than one director, the law also states that they are not allowed to be closely related and should not occupy other governmental positions unless recommended. As of 2021, there are 26 regional development banks according to the Financial Services Authority. Not all provinces currently have their own bank, especially newly established provinces such as North Kalimantan and the Bangka Belitung Islands, which both still share ownership of various bank companies with their respective parent provinces.
Nusantara Capital City Authority is a cabinet level-agency formed by the Indonesian government, working directly under the President of Indonesia. The agency will become a special agency tasked with managing and governing the city of Nusantara, future capital of Indonesia located on Kalimantan.
The Law on Financial Sector Development and Strengthening is an omnibus law formulated by Joko Widodo administration aimed to develop and strengthen Indonesian financial sector. The law passed by the People's Representative Council on 15 December 2022.
Vincentius Sonny Loho was an Indonesian accountant and bureaucrat. He was the Inspector General of the Ministry of Finance from 2011 until 2015 and the Director General of State Assets Management from 2015 until 2017.
Capital Market and Financial Institutions Supervisory Agency is an institution under the Ministry of Finance (Indonesia) tasked with fostering, regulating, and supervising day-to-day capital market activities as well as formulating and implementing policies and technical standardization in the field of financial institutions. The current Chairman of Bapepam-LK is Nurhaida.
